Property Description Well maintained owner/user office opportunity, conveniently located in the Harrison neighborhood. Opportunity to re-purpose the existing structure, or take advantage of favorable redevelopment zoning and construct a new mixed use property on the 2.84 acre site. 2040 guidance supports up to a 15 story tower. Property is located in a Qualified Opportunity Zone. Immediate area features over 500 new/proposed apartment units and is home to La Dona, Royal Foundry Craft Spirits, Unleashed Hops and Hounds and the Mpls Farmers Market. Amazing access to I-394 and I-94.
Details
Maps
Contract Information
Availability: Available
Status: Closed
Off Market Date: 2023-01-30
Current Price: 4800000
Closed Date: 2023-01-27
Sales Close Price: 4800000
Contingency: None
ListPrice: 5000000
List Date: 2022-06-06
Owner is an Agent?: No
General Property Information
Living Area Units: Square Feet
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 175
Owner Occupied: Yes
Year Built: 1986
Yearly/Seasonal: Yearly
Zoning: Industrial, Residential-Multi-Family
Foundation Size: 15000
For Sale or Lease: For Sale
Acres: 2.84
Lot Dimensions: Irregular
Location Tax and Other Information
House Number: 1010
Street Name: 2nd
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405
Complex/Dev/Subdivision: Bassett Valley Add
Building Information
Building Finished SqFt: 30000
Building SqFt: 30000
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 21
Township#: 29
Sale Options
Sale Includes: Building, Land
Unit Details
Total Units: 1
Property Features
Accessible: None
Air Conditioning: Central Air
CMU Style: Apartments and Retail; Apartments/Multi Family; High Rise; Industrial
Construction Status: Previously Owned
Current Use: Commercial; Industrial; Office
Exterior: Block; Brick/Stone
Financing Terms: Conventional
Fuel: Natural Gas
Heating: Forced Air
Lock Box Type: Combo
On Site Utilities: Electric Common; Heating Common; Hot Water Common